Wednesday, December 28, 2011

Refinancing Information

Real estate refinancing is essential to understand before you proceed in the home buying or selling process. Most people refinance their home to lower their rate, switch from an adjustable rate mortgage to a fixed mortgage, or to pull out money for important ancillary reasons.
Working with a real estate mortgage professional is crucial when making the best home financing decision. Timing is everything when refinancing a home.
Yahoo! Real Estate provides a good overview of some home refinancing basics. Click here for more information.

Tuesday, December 27, 2011

What to consider when buying your next home


What to consider when buying your next home-

There are many factors in choosing your next home. Selecting a home can involve many elements that you may not have considered. The following is a home selection checklist to help you clarify your thoughts:
  • In what area do you want your home to be?
  • What type of home are you looking for?
  • How much space do you need in your home?
  • Why are you buying a new home?
  • What are the schools like?
  • How is the recreation in the area?
  • What are the longer term trends in the area?

Real Estate Mortgage Glossary


Below you'll find a mortgage glossary for Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Redondo Beach, Torrance and Los Angeles County, CA areas. Understanding real estate terminology can be helpful when buying or selling a home, commercial property, or investment property. We have prepared a list of real estate terms to help you with your real estate transaction. Thanks again and contact us for any of your real estate needs for Palos Verdes, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Redondo Beach, Torrance here in Los Angeles County, CA.
Terms:

Interest Rate
The monthly effective rate paid (or received if you are a creditor) on borrowed money. Expressed as a percentage of the sum borrowed.

MLS- IDX
IDX, or broker reciprocity, is a listing sharing arrangement between brokers within a Mulitple Listing Service.

Market Value
An asset's market value is the price it would fetch in the market, if it were sold in the current marketplace.

Title Insurance
A type of insurance which guarantees the ownership and quality of title to land.

Appraisal
An educated estimate of the value of a property on a certain date given by a person, usually after an inspection of the property.

As is
Implied in most Agreements of Purchase and Sale, suggests the buyer is accepting the property in it present state and relinquishes and responsibility from the buyer.

Bankruptcy
a) A person who has done any of the acts that by law entitle his creditors to have his estate administered for their benefit; b) a person judicially declared subject to having his estate administered under the bankrupt laws for the benefit of his creditors; c) a person who becomes insolvent.

Bid
To offer (a price) whether for payment or acceptance.

Property Tax
A tax levied on real or personal property

Interest Rate
The percentage usually on an annual basis that is paid for the use of money borrowed from another

Home Loan
a) Money lent at interest; b) something lent usually for the borrower's temporary use.

Credit Risk
An estimate of the amount of credit that can be extended to a company or person without undue risk.

Credit Union
A cooperative organization that makes loans to its members at low interest rates.

Prime Rate
The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers.

ARM
A mortgage whose interest rate is raised or lowered at periodic intervals according to the prevailing interest rates in the market.

Home Equity Loan
A loan or credit line that is secured by the equity the borrower has in a home.

Mortgage
A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.

Monday, December 19, 2011

Palos Verdes Schools: Miraleste Intermediate School (MIS)

MIS is one of the three public middle schools in the Palos Verdes Peninsula Unified School  District. Located on a 20-acre campus in Rancho Palos Verdes, this school overlooks the Los Angeles and Long Beach harbors and serves three of the cities on the Peninsula- Rancho Palos Verdes, Rolling Hills, and Rolling HIlls Estates.
After originally opening as a high school in 1986, MIS became an intermediate school in 1991.

29323 Palos Verdes Drive East, Rancho Palos Verdes, CA 90275




Thursday, December 15, 2011

Palos Verdes School Spotlight: Palos Verdes Intermediate School (PVIS)

Palos Verdes School Spotlight: Palos Verdes Intermediate School (PVIS)

PVIS is one of the three public middle schools in the Palos Verdes Peninsula Unified School District. Located on Margate Intermediate School's former campus, the school is nestled in the hills of Palos Verdes giving students a beautiful view of Lunada Bay and the Pacific Ocean. PVIS was formerly located at Palos Verdes High School's campus before it reopened in 2002.
The Mission of PVIS: "To provoke our youth with an educational environment that challenges all students to develop their social, emotional, and academic potentials. That our students respect one another, the diversity of our surrounding community and will come to desire life-long learning through modern strategies and resources together with enthusiastic staff members, involves parents and a supportive community."

2161 Via Olivera, Palos Verdes Estates, CA 90274


Palos Verdes School Spotlight: Rancho Del Mar High School

Rancho Del Mar is located in Rolling Hills on Crest Road and is one of the three public schools in the PVPUSD. The school possess a small enrollment, focusing on students who experience difficulty with regular high school curriculum and environment. The school offers a more personalized environment.

38 Crest Road West
Rolling Hills CA 90274-5058

Wednesday, December 14, 2011

Palos Verdes School Spotlight: Rolling Hills Preparatory School (RHP)

Palos Verdes School Spotlight: Rolling Hills Preparatory School (RHP)
RHP is a private coeducational school located in San Pedro, CA. The school has approximately 240 students enrolled in grades 6-12. The school opened in 1981 as a division of Rolling Hills Country Day School. After transitioning from different campuses it received its permanent residence in 2007.
RHP works in partnership with parents to develop their college-bound students with disciplined minds, sound character, and creative spirits.

One Rolling Hills Way, San Pedro CA 90732


Tuesday, December 13, 2011

PVE Tops List in Quality of Life Study

PVE Tops List in Quality of Life Study

By Meredith Skrzypczak Via Palos Verdes Patch
Palos Verdes Estates ranks No. 6 in quality of life among communities in America's western region. Rancho Palos Verdes comes in at No. 71.
Palos Verdes communities have been getting a pretty posh reputation lately.
Palos Verdes Estates ranked sixth in a new studythat measured quality of life in cities throughout America's western region. This just after the Peninsula was named among the country's 50 richest zip codes last week.
The recent study, put together by On Numbers, analyzed 889 communities in the Western portion of the country—and 3,764 communities nationwide—that had populations of 10,000 or more as of 2009. A 20-part formula was used to rate each community's quality of life, including factors such as poverty rates, commute time, ages of residents and median household income.
"The top-rated communities have strong economic bases, impressive housing stocks and effective educational systems," The Business Journals reported last week.
In the West, Hillsborough ranked No. 1, San Marino came in No. 3, Blackhawk-Camino Tassajara (east of Oakland) No. 4 and Coto de Caza No. 5.
Rancho Palos Verdes came in at No. 71.
West University Place in Texas ranked the highest in quality of life across the entire nation.
Here is a synopsis of Palos Verdes Estates' standing in the Western region:
PlacePalos Verdes Estates
Typecity
StateCalifornia
West Quality-of-Life rank6
West Quality-of-Life percentile99.44%
Population (2009 estimate)13,520
In 25-44 age group16.70%
Living in same house for more than 1 year92.17%
Moved in from other state or abroad in past year1.16%
Workers who walk to work or work at home9.33%
Commuting time of 29 minutes or less47.03%
Median household income$170,068
Poverty rate for families0.62%
Workers with management and professional jobs65.44%
Workers who are self-employed34.96%
Unemployment rate for 25-64 age group1.93%
Houses built since 199010.05%
Houses with 9 or more rooms29.72%
Housing vacancy rate2.82%
Homeowner rate91.18%
Median house value$1,000,001
Mortgage affordability (house value per $1,000 of household income)$5,880
Rent affordability (annual median rent per $1,000 of household income)$132
Adults (25 or older) with high school diplomas97.06%
Adults (25 or older) with bachelor's degrees72.18%
Adults (25 or older) with advanced degrees33.01%

Monday, December 12, 2011

Palos Verdes School Spotlight: Ridgecrest Middle School

When considering what home to buy, the community can be as important a consideration as the real estate itself.
Ridgecrest is one of the three public middle schools in the PVPUSD. The school opened in 1965 but closed in 1991 due to declining enrollment. The school reopened in 2000 after enrollment increased. The school offers a live broadcast journalism program known as the "Ridgecrest News Network." The students also produce a monthly newspaper.

28915 Northbay Road, Rancho Palos Verdes, CA 90275

Friday, December 9, 2011

Palos Verdes School Spotlight: Rolling Hills Country Day


Palos Verdes School Spotlight: Rolling Hills Country Day
When considering what home to buy, the community can be as important a consideration as the real estate itself.
Founded in 1962, Country Day offers an educational environment for students in Kindergarten through Grade 8. The private school is located in Rolling Hills and serves about 400 students.
The school is recognized as an outstanding institution in Southern California. Teachers and faculty "seek to provide students with the best educational experience for building lifelong success."



26444 Crenshaw Blvd, Rolling Hills Estates, Ca 90274



Thursday, December 8, 2011

Home for Sale in Rancho Palos Verdes- $1,198,000

25 Crestwind Dr, Rancho Palos Verdes, CA 90275

$1,198,000






SaleType: Short Pay / Subject To Lender

Secluded single level Tudor style home nestled on a private 19,850 square foot lot at the end of a quiet cul-de-sac. Ideal floor plan offering 4 spacious bedrooms, 3 bathrooms and an office with custom built-ins. Cooks kitchen with large center island, separate breakfast bar, recessed lighting and adjacent to a huge family room. The family room has a beautiful open beam ceiling, hardwood floors and overlooks a private patio and grassy back yard. Warm and inviting living room with vaulted open beam ceiling, crackling brick fireplace, hardwood floors and top of the line remote ceiling fans. Other amenities include a formal dining room, free flowing open and airy floor plan, hardwood flooring, central a/c, recessed lighting, separate laundry room with Dutch door, newer double paned windows and sliding doors, enormous 3 car garage plus an additional storage room. Tranquil Ocean/ Catalina views from the front and green belt, mountain and shimmering city light views from the back. Close proximity to biking/hiking trails and Del Cerro Park.

Rancho Palos Verdes Home For Sale- Listed at $839,000

5213 Sunny Point Pl, Rancho Palos Verdes, CA 90275

$839,000





Charming single level home ideally situated on a private cul-de-sac in close proximity to shopping and award winning Palos Verdes Schools. Open and airy floor plan with hardwood flooring and tons of natural light. Spacious living room with vaulted ceilings and natural stone fireplace. Large formal dining room overlooking the private back yard. Master bedroom with vaulted ceiling and beautifully updated master bath. In addition to 3 bedrooms this home has a private office with tons of built-ins and 3 spacious work stations. Well appointed eat in kitchen with tile counters and 5 burner Wolf cook top. Other amenities include beautiful contemporary lighting fixtures through-out, central A/C, freshly painted interior, newer aluminum windows(excludes sliding doors), private back yard with concrete and brick patios, peek-a-boo mountain and city light view, oversized interlocking paver driveway and 2 car garage.

Wednesday, December 7, 2011

Palos Verdes School Spotlight:Chadwick School

When considering what home to buy, the community can be as important a consideration as the real estate itself.
Chadwick is an independent K-12 private school located on the Palos Verdes Peninsula in Los Angeles County. The school is divided into four different schools by grade level- Village School (K-6), Middle School (7-8), Upper School (9-12), and International School (K-8).
Through a Round Square Program, Chadwick offers students the opportunity to exchange with other schools whom participate in this program.
Community service plays a strong role in the students' development. Students are required to participate in one of a selection of community service projects four times a month.
26800 Academy Drive, Palos Verdes Peninsula, CA 90274 

Monday, December 5, 2011

Palos Verdes Unified School District: Palos Verdes Peninsula High School

When considering what home to buy, the community can be as important a consideration as the real estate itself. 
PVPHS is one of the three public high schools on the Palos Verdes Peninsula. The campus is located on the corner of Hawthorne Blvd and Silver Spur Road on the top of the hill overlooking Los Angeles County. It serves the communities of Rolling Hills Estates, Rolling Hills, Rancho Palos Verdes, and Palos Verdes Estates. 
PVPHS ranked 15th in the nation by Newsweek and 89th by U.S. News and World Report. The school offers a variety of courses for students including Robotics, Aerospace Engineering, International Relations, Women's Studies, Forensics, Graphic Design, etc. For the class of 2011, approximately 40 students have a 4.75-5.00 GPA and 65 have a 4.5-4.74 GPA. 
PVPHS athletics has more than 40 CIF titles, 8 state titles, and 4 national titles. 

27118 Silver Spur Road
Rolling Hills Estates CA 90274-2300

Friday, December 2, 2011

Palos Verdes Unified School District: Palos Verdes High School

Palos Verdes Unified School District: Palos Verdes High School
When considering what home to buy, the community can be as important a consideration as the real estate itself. 
One of the three public high schools on the Palos Verdes Peninsula, Palos Verdes High School, is located across the street from the Pacific Ocean in Palos Verdes Estates and is part of the Palos Verdes Peninsula Unified School District. 
After closing in 1991, the high school closed and hosted Palos Verdes Intermediate School for ten years before reopening in 2002 due to climbing enrollments and overcrowding at Peninsula High School. 
Known as the Sea Kings, Palos Verdes High School is known for its participation in the award-winning drama program which represented the Edinburgh Theatre Festival, Live from 205, DARPA Grand Challenge, and the Cal-Nev-Ha KIWIN's organization. 
Over the last nine years, PVHS athletics have developed strong teams to compete against other sports-dominated schools. The school has claimed CIF titles in baseball, boys lacrosse, and boys soccer.
600 Cloyden Road, Palos Verdes Estates, CA 90274 

Wednesday, November 30, 2011

Family Entertainment in Palos Verdes- Palos Verdes Ice Chalet


Family Entertainment in Palos Verdes- Palos Verdes Ice Chalet
Take the family ice skating this weekend and grab dinner at Ruby's diner across from the rink. The Ice Chalet Rink was founded in 1972 as year-round indoor skating rink, perfect for the non existent Southern California winters.

The rink is open to the public, offering figure skating and ice skating lessons, adult and youth ice hokey programs, pickup hockey, ice hockey clinics, broomball, and private birthday parties and events.

Check the pricing and skating schedule before heading over there.

550 Deep Valley Dr, Palos Verdes Estates, CA 90274
(310)541-3143

Tuesday, November 29, 2011

Homes for sale Rancho Palos Verdes

25 Crestwind Dr, Rancho Palos Verdes, CA 90275

$1,198,000




SaleType: Short Pay / Subject To Lender

Secluded single level Tudor style home nestled on a private 19,850 square foot lot at the end of a quiet cul-de-sac. Ideal floor plan offering 4 spacious bedrooms, 3 bathrooms and an office with custom built-ins. Cooks kitchen with large center island, separate breakfast bar, recessed lighting and adjacent to a huge family room. The family room has a beautiful open beam ceiling, hardwood floors and overlooks a private patio and grassy back yard. Warm and inviting living room with vaulted open beam ceiling, crackling brick fireplace, hardwood floors and top of the line remote ceiling fans. Other amenities include a formal dining room, free flowing open and airy floor plan, hardwood flooring, central a/c, recessed lighting, separate laundry room with Dutch door, newer double paned windows and sliding doors, enormous 3 car garage plus an additional storage room. Tranquil Ocean/ Catalina views from the front and green belt, mountain and shimmering city light views from the back. Close proximity to biking/hiking trails and Del Cerro Park.

Rancho Palos Verdes Home For Sale

5213 Sunny Point Pl, Rancho Palos Verdes, CA 90275

$839,000




Charming single level home ideally situated on a private cul-de-sac in close proximity to shopping and award winning Palos Verdes Schools. Open and airy floor plan with hardwood flooring and tons of natural light. Spacious living room with vaulted ceilings and natural stone fireplace. Large formal dining room overlooking the private back yard. Master bedroom with vaulted ceiling and beautifully updated master bath. In addition to 3 bedrooms this home has a private office with tons of built-ins and 3 spacious work stations. Well appointed eat in kitchen with tile counters and 5 burner Wolf cook top. Other amenities include beautiful contemporary lighting fixtures through-out, central A/C, freshly painted interior, newer aluminum windows(excludes sliding doors), private back yard with concrete and brick patios, peek-a-boo mountain and city light view, oversized interlocking paver driveway and 2 car garage.

Saturday, November 26, 2011

Places to Visit in Palos Verdes: Trump National Golf Course


The Trump National Golf Club is located off the Palos Verdes Peninsula, just south of downtown Los Angeles. The Club offers the public a 45,000 square foot clubhouse with locker rooms, pro-shop, restaurants, conference rooms,  and gorgeous views of the Pacific Ocean. 

Aside from the main course, the Trump National offers a full driving range, practice putting green and short game practice areas. 

Restaurants at the Club include The Golfer's Lounge and the Cafe Pacific. The Golfer's Lounge offers a more casual option and best after a game of golf. The Cafe Pacific is an upscale casual dining restaurant. 


Wednesday, November 23, 2011

Rolling Hills History


The Rolling Hills story begins in 1930, at which time 16,000 acres of the Palos Verdes Peninsula was owned by the Palos Verdes Corporation of which Frank A. Vanderlip, a New York banker, was President and majority stockholder. This ranch had ten miles of shoreline starting just south of Lunada Bay. Vanderlip's plan for the development of Portuguese Bend was right but the time was wrong. 

A.E. Hanson was named landowner by Vanderlip to develop the community that he acquired in 1913. Hanson sold the idea of large lots with single-family vacation dude ranches. The home would have minimum upkeep- there would be no profit from the ranch operations but it would be a fun place for the children. But after a lack of interest from the public, Hanson altered his plan. He came up with the idea to turn the development into one-story luxury homes with enough room to board horses; a place for real living. 

By the middle of 1935, Palos Verdes Drive North was completed and more people from Long Beach to Redondo Beach were visiting the area, exploring the hills. Long Beach was only 20 minutes away from the Rolling Hills Gate (the city's first gatehouse built at the intersection of PV Drive North and Portuguese Bend Road to ensure residents' privacy; to this day remains the main entry gate into Rolling Hills). THe completion of Palos Verdes Drive North was the key to everything. For the first time it made the most favorable part of the scenic Palos Verdes Hills available for development. 

Rolling Hills would run from Palos Verdes Drive, southerly to the Crest Road, and would be bounded on the east by Georgeff Canyon and on the west by Agua Negra Canyon, and would be platted into 100 homesites.  Hanson's goal was to build a community. The 600 acres of Rolling Hills would be used for two classes of single-family homes. The flatter area, immediately to the south of Palos Verdes Drive would be for one-acre homes. 

Hanson decided that all of the buildings built in Rolling Hills would have a white exterior. They would fit in with the emerald green of the new grain in the Spring and would harmonize with the bare earth after the hay was baled in the Fall. Following the theme of white, the city's first gatehouse was also painted white. The roofs were to be of shingle or shake, weathered. Hanson disproved of red tile roofs because they were not harmonious in a neighborhood unless all roofs were red tiled. The homeowner could do anything he wished to the interior. Every ranchito had to be fenced with a three-rail, white fence. The developers installed all the fences on the road frontage as well as roadside trees and shrubs.

In 1936, Hanson began advertising the ranches differently to increase sales. The advertisements states "Own your own dude ranch- country life, city conveniences" to sell Rolling Hills as a place out in the country with city conveniences. One advertising campaign consisted of three elements. First they sent out sales letters using a mailing list of 7,500 people within the general Long Beach- Redondo area. The second effort involved newspaper advertising- a real estate ad as well as a one column wide ad telling the public about the size of Rolling Hills. The third effort was mailing brochures showing photographs of the property. The aim of the advertising campaign was to get the prospects curious enough to drive out to Rolling Hills and to stop by the sales office.  

The Rolling Hills Post Office opened September 1, 1937. Rolling Hills was incorporated in 1957. The area remains a residential coomunity without businesses or industries within the gates. 


Monday, November 21, 2011

Palos Verdes History


There are many theories as to how the city came to be called Palos Verdes. According to W.W. Robinson, the author of Ranchos Become Cities, the name Palos Verdes originated in the Canada de los Palos Verdes, a valley shown on old maps, green with grass and willows, the valley was located between the present Sepulveda and Lomita Boulevards, east of Vermont and west of Figueroa (now intersected by the Harbor Freeway). 

Palos Verdes is a historic Peninsula. Many of the names on the Peninsula recall its historic past. A certain mystique always belonged to the Palos Verdes Hills, but in 1922 the community of Palos Verdes was only a dream uninhabited except from some vegetable fields and the Japanese farmers who cultivated them and people who lived on ranches with their cattle. The Rancho de los Palos Verdes, originally owned by the Sepulveda family, was partitioned into seventeen portions at the conclusions of a law suit in 1882. The largest share, 16,000 acres which constituted the Palos Verdes Peninsula, was awarded to Jotham Bixby. In 1894, Harry Phillips became the Ranch Manager and thus first resident of the Peninsula. He brought farming to the Peninsula and planted many of the eucalyptus trees. The rural, farming community began to change in 1913 when the Bixby family sold the land to internationally known banker, Frank A. Vanderlip, Sr. 

Born in Kane County, Illinois, Vanderlip became the president of National City Bank in New York in 1909 and by 1910, when he was 46 he was a millionaire. He was a man of vision; recognizing the strategic position of Palos Verdes- the only undeveloped section of coast in the center of a rapidly growing region, he dreamed of a magnificent residential city by the sea. 

As early as 1914, architects were hired to draw up plans for its development but WWI prevented Vanderlip from carrying out his plans. The only achievement of the first few years was the building of the "Old Ranch Cottage" in 1916, now known as the "Cottage" and occupied by Vanderlip's youngest son, John Mann Vanderlip. 

Vanderlip planned to develop the area above Point Vicente lighthouse as an Italian hillside village to be occupied by craftsmen who would live, work, and sell their wares on different levels of the same building but the stock market crash prevented the fulfillment of Vanderlip's dream. 

When the Palos Verdes Project was planned, many civic needs were anticipated. Over 4,000 acres were reserved for parks and playgrounds, and two recreational areas were established in the new community, La Venta Inn and Palos Verdes Golf Club. In order to dispense news about the Project to the lot owners and subscribers, the mangers began to issue monthly bulletins. By the time the fifth issue of the Palos Verdes Bulletin was published in March 1925, each edition numbered 8300 copies, mailed to every state in the union and to foreign countries all over the world.  

The roads in Palos Verdes were designed to fit the natural contours of the land. The men who laid out the roads sought the most beautiful use of the property in their charge. Reducing ugly cuts and fills provided better lots. In keeping with the principle that produced the use of curved roads, signs were strictly regulated. Billboards were not allowed. The street signs, chosen by the Art Jury, were suspended from a wooden standard, stained brown, with brackets of wrought iron. The signs were carved redwood with raised gilded letters. Business buildings were curtailed as to their use of signs. 

The United States Government established a lighthouse on Point Vincente in 1875. The present structure was built in 1926 and the spelling of the name was revised to Vicente.  Before the days of the lighthouse, ships were warned away from rocks by huge fires built upon the point. Between Point Fermin and Point Vicente lies Portuguese Bend, a place that owes its name to its history. 

in 1925, after two years of construction, Palos Verdes became a community. Residents were urged to trade in Palos Verdes, now that the new grocery and meat market had opened, and to encourage the early coming of the drug store, merchandise store, tailor, restaurant and other stores which were needed. 

The Palos Verdes Transportation Company was established in 1925, operating buses between Redondo Beach and Malaga Cove Plaza. The buses carried Palos Verdes children to Redondo schools and later to the Palos Verdes school. The fare cost 10 cents to Redondo and 5 cents within the Estates. Children were charged half fare. 

In 1925, the first Palos Verdes School Board was elected. The first Palos Verdes School opened September 8, 1925. Classes for twenty-four children were held in a room in the Gardner building until the Malaga Cove School Building was finally completed the following spring. The Malaga Cove School included three classrooms, a kindergarten, a principal's office, and an auditorium with a seating capacity of 294. 

Several general provisions were written into the restrictions: "There shall not be any saloon, founder, brickyard, cemetery, asylum, gun powder or fertilizer factory, slaughter-house, tannery, oil refinery, or fish cannery." Ninety percent of the lots were zoned for single-family dwellings, designated in Zone A. In addition, architectural restrictions were worked into the process. Requirements were established to provide enough space between dwellings and proper set-back from the street, varying with the lot from five to 60 feet. Trees over 20 feet were specified. Consultation with the Art Jury before building was required in order to assure the maintenance of certain minimum standards. The builders of Palos Verdes were building for permanence. Their dream of a better place to live influenced the development of the entire peninsula and made possible the beauty we see today. 

Two recreational centers were established in the new community, La Venta Inn was built first in early 1923, and quickly became a popular spot for dining. Situated high on the hill, the Inn was a landmark visible for miles around. It was the designation of many sightseeing trips made by visitors to the Los Angeles area, and by residents of the Beach Cities, Hollywood, Pasadena, Los Angeles, and Long Beach. Although some people chose to stay the night at the Inn, it could only accommodate a few overnight guests. The Palos Verdes Golf Club opened on November 15, 1924. The 213-acre golf course and golf park was highly rated and all but four holes had views of the ocean. 

A marble fountain and statue of Neptune, the Roman god known as the King of the Sea, was installed in the Malaga Cove Plaza in 1930. The figure of Neptune was considered appropriately symbolic for the city by the sea. The fountain is a replica of the bronze fountain of Neptune in Bologna, Italy. 

Despite the financial turmoil resulting from the Depression, many elements of daily life in Palos Verdes remained unchanged. Despite the scarcity of money, the forms of entertainment enjoyed remained the same. Because the residents of Palos Verdes loved their beautiful Peninsula, they had worked together to establish an ideal community. They had started with many built-in advantages, for which the designers of the Project were responsible: a community swimming pool, stables, a golf-course, landscaped parks, a plaza for shopping, a school, a homes association, and strict building restrictions. Gradually, they added many other facilities and institutions. By the late thirties, the residents of Palos Verdes had their own library and newspaper. Three schools, two public (Malaga Cove and Miraleste) and one private (Chadwick Seaside School), educated their children. A parent council had recently been organized within the public schools, and many parents also attended the family relations class conducted by the school district. The Post Office in Malaga Plaza was the social center of Palos Verdes. 

Because of the strategic location of the Peninsula, many WWII soldiers were stationed here during the war. The largest military establishment was Fort McArthur at San Pedro.  Three smaller camps were located along the coast, one on Long Point, on on Resort Hill (Lunada Bay), and one at Bluff point (the crest of Montemalaga). The army hospitals received their share of attention from the women of Palos Verdes throughout the war. Red Cross Gray ladies frequented the Fort McArthur Hospital. 

The Wayfarers' Chapel, near Abalone Cove in Rancho Palos Verdes, sometimes referred to as the "Glass Church," was built as a national monument to Swedenborg- one of Sweden's most famous citizens.  In 1954, the 59-foot bell tower was erected, and in 1959 the library and museum building and the Cloister were constructed. A hillside near the chapel was contoured in steps and planted to form a natural amphitheater for the performance of Biblical plays. A garden was later planted with the flowering plants and trees mentioned in the Bible. With the building of Wayfarer's Chapel, the early period of the modern history of the Palos Verdes Peninsula comes to a close. The 1950's began a period of rapid real estate development that changed the course of history. In one year, 190 new residences were built in Palos Verdes Estates and 55 other building permits were issued. On the rest of the Peninsula, an average of 148 homes were under construction each month during that year. Following the Chapel's construction was the opening of the Marineland in 1955, the establishment of the cities of Rolling Hills Estates in 1957 and Rancho Palos Verdes in 1978, after many years of debate the Portuguese Bend Landslide in 1956 and the Abalone Cove Landslide in 1978, the unification of the Palos Verdes Peninsula School District in 1960, and the continued explosive growth to the Peninsula that has led to a recent property evaluation of three billion dollars. 

The communities of Palos Verdes Estates, Miraleste, Portuguese Bend, Rolling Hills, Rolling Hills Estates, and Rancho Palos Verdes form the Palos Verdes Peninsula, an entity loved by all its residents. According to the consensus of opinion, the factors that brought families to Palos Verdes were the beauty of climate and scenery, the security of a planned and protected community, and the opportunity for simple outdoor pleasures. All of which are still true and offered in Palos Verdes today. A community based upon beauty, Palos Verdes Estates soon received a reputation as a paradise.